Have You Reached Your Potential with Source-to-Pay Technology?

Spend under management is a leading indicator of procurement’s reach and influence. Without a defined intake strategy, much of the organization’s spend will continue to bypass the system. To improve this metric, focus on the following: 

1. Standardize intake processes: Sourcing and purchasing requests enter the platform early, before supplier decisions are made.
2. Build sourcing thresholds, preferred supplier rules, and guided buying paths: Keep users on track without the requirement of manual enforcement.
3. Analyze off-platform spend: Identify and close gaps through better visibility and stakeholder alignment. 

When intake is controlled and intuitive, more spend is able to flow through the system and procurement gains the visibility it needs to drive impact. 

Sourcing tools are often one of the most underutilized features in S2P systems. Without category strategies or user confidence, teams revert to outdated methods and miss opportunities for value. To address this:

• Develop or refresh category plans that prioritize strategic spend areas and define sourcing strategies in advance. 
• Upskill procurement practitioners on how to run sourcing events and evaluate bids using the platform’s built-in tools.
• Streamline sourcing templates, approval workflows, and event configurations so users can work efficiently without friction. 

With the right support, sourcing tools become key enablers of cost savings, risk reduction, and supplier innovation.